Los Angeles County launched its $1,000 guaranteed basic income program, Thursday, with eligible residents able to apply through the “ Breathe ” website.
The “poverty alleviation program” would provide $1,000 per month over a 3-year span, but will only go to 1,000 randomly-selected applicants.
The pilot program will be studied over the following three years, to see its economic effects on participants.“Early research suggests that a Guaranteed Income program can provide households with financial stability during sharp economic swings to breathe a little easier, alleviate stress, and broaden recipients’ horizons, allowing them the time to complete deferred education and job training, […]
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